Dont think anything catastrophic tomorrowI agree with Clubhouse, this last minute 10m sale was probably a settling of accounts, if it was a harbinger of bad news, we would probably already feel the pain. Im not an expert trader/investor, but I think I understand Naked Shorting, which is legal to a point, Brokers have a time allottment as i understand it, in which to hold thier clients accountable to cover the short positions or they have to do something themselves.
If you look back aways, at those days recently where the share price really tanked, there was 72.8M shares traded Nov 16, 34M Nov 13, 53M Nov 8.
Thanks to the oustanding sleuthing by several on this board, Flamingo gave a very good look at the last minute of trading, majority by sell side analysts, not institutions. Its outfits like Morgan and Goldman that cause all of this daily grief and perhaps they have just loaded up ready to go again, probably up tomorrow.
Ive been on the wrong end of the stick when it comes to institutions bailing and I dont see that here. All the big gun analysts feel the same as most of us here, there is potential for great reward, the problem in high risk plays like this, there are usually a significant number of good folks that get stung along the way, the money has to come from somewhere.
Rest easy, today was just another ride on the roller coaster, GLTAL